Billionaire Wealth Has Doubled So Far This Decade

Billionaire Wealth Has Doubled So Far This Decade

An estimate of a new wealth tax proposal shows that it would generate twice as much revenue as it did when it was first introduced in 2021. The post Billionaire Wealth Has Doubled So Far This Decade appeared first on The American Prospect.

Inequality has boomed so much in the 2020s that a 2 percent wealth tax on multimillionaires initially introduced in 2021 would yield more than twice as much revenue today. The analysis, from Univers… [+8644 chars]